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History of NRB Bearings Ltd.

NRB Bearings Limited was set up as a joint venture with Nadella, France, the oldest needle bearing manufacturer in the world, for manufacture of needle rollers, needle cages, needle bushes & needle roller bearings. The Comp. was incorporated in Bombay on 30th June, 1965 under the name of Needle Roller Bearing Comp. Private Limited. The Comp. later became a deemed public limited Comp. under Section 43A[1s] of Companies Act, w.e.f. 27.01.1966 & converted into full fledged public Comp. vide Special Resolution passed on 10th December, 1994. Starting with a few sizes of needle rollers, it expanded its capacity to eventually manufacture a wide range of needle rollers, needle cages, needle bushes & needle bearings. To keep pace with the expanding range & quantity new plants were set up at Aurangabad, Maharashtra in 1980 & Waluj, Maharashtra in 1991. Together with the Thane plant they form the Needle Bearing Division [NBDs] of company.

In 1982, NRB Bearings expanded its product range & set up the General Bearing Division [GBDs] at Jalna, Maharashtra for manufacture of cylindrical roller bearings. Soon thernafter, it diversified further & commenced the manufacture of spherical roller bearings & ball bearings at Jalna. NRB has progressively expanded its capacity at Jalna to manufacture annually 1.0 million cylindrical roller bearings, 0.5 million spherical roller bearings, 0.4 million needle roller bearings, 3.0 million ball bearings & 0.62 million taper roller bearings. The Hyderabad unit came into existence in April, 1991 when Sahney Steel and Press Works Ltd [SSPWs] was merged with the Company. At present it produces stampings, needle cages, hub-pin kits & connecting rod kits.

In view of diversified range & types of bearings being manufactured, the name of Comp. was changed to NRB Bearings Limited at the Extraordinary General meeting held on 1/2/1990. The change in name has been approved by Registrar of Companies, Maharashira vide its 'Certificate of Change of Name' dated 17/4/1990.

NRB has the widest range of bearings produced in the country & it caters to a diversified set of industrtal users. Bearings are high precision industrial components with high corrosion resistance properties. They are utilised for both radial as well as axial thrusts. Extensive use of bearings are made in the automobile & engineering industries. All machines utilise bearings for moving parts to carry load & reduce friction.

NRB pioneered the production of needle rollers bearings in India. Its customers in the automobile sector include TELCO, Maruti Udyog Ltd, Mahindra and Mahindra, Baja Auto Ltd, LML, Hero Honda, Kinetic Engineering & MICO, Sona Steering & Lucas TVS in the auto ancillary sector. Its products also find applications with HMT Ltd, Lakshmi Machine Works, Kelvinalor, Siemens & ABB & in sectors like railways, heavy engineering & earth moving equipment. NRB exports its products to over 15 countries worldwide like Australia, Taiwan, Singapore, Germany and Italy. NRB quality & brand name are well respected.

NRB indigenous manufacturing capabilities are complemented by its Agency Division which allows the Comp. to offer a wider range of products to its customers. It was initiated in 1980 to market bearings, machine tool equipment/accessories, seals etc., for various industrial usages/applications including machine tools, electrical, automotive, power generation, heavy engineering & material handling equipment. This agency acts as a key marketing intermediary for a number of foreign principals from UK, France, Germany & Switzerland such as RHP, Gamet, Nadella, Rollix, Rohm, IBC, Schneeberger. Kugler SA & Forsheda.

2000 - Crisil has assigned a P1+ rating to the commercial paper programme of NRB Bearings.

2003-Investment of Rs 5 million to increase its shareholding in its subsidiary Comp. SNL Bearings Ltd.

2004

- AB Electrolux inks pact with NRB Bearings to outsource components

2007

- The Comp. has splits its face value from Rs10/- to Rs2/-.